Baird’s Alpha Buys Medical Optics

Baird’s Alpha Buys Medical Optics

Alpha Source, a portfolio company of Baird Capital, has acquired Medical Optics, a provider of endoscope and surgical instrument repair.

Medical Optics repairs and restores any medical equipment that a surgeon might hold in their hand such as flexible endoscopes; rigid/semi-rigid endoscopes; power equipment; surgical instruments; cameras; fiber optic cable; micro instruments; and diamond knifes. The company provides its service to clients located throughout North and South America, Europe, Asia and Australia. Medical Optics was founded by Frank Malvasio in 1997 and is headquartered near Ft. Lauderdale in Tamarac, FL (

Alpha Source, acquired by Baird in April 2015, has four ISO-certified and FDA registered operations: a nationally scaled imaging service division; depot repair operations; manufacturing of OEM quality medical battery packs; and distribution and logistics of over 60,000 SKUs of biomed parts, supplies and accessories. The company is led by CEO Rick Lytle and is headquartered in Milwaukee (

“Our acquisition of Medical Optics is part of an ongoing growth strategy to expand our comprehensive portfolio of medical equipment parts, field service and depot repair options,” said Mr. Lytle.  “We are also pleased by the continued operational and investment support from our private equity sponsor Baird Capital.”

Baird Capital invests in lower middle-market companies in the manufactured products, healthcare and business services sectors. The firm invests from $15 million to $35 million in companies with enterprise values of $25 million to $125 million and EBITDAs greater than $5 million. Baird Capital was founded in 1989 and is based in Chicago with additional offices in Milwaukee, London and Shanghai (

© 2017 Private Equity Professional | April 12, 2017

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